๐ ZRX/USDT Technical Analysis: Bullish Momentum with Clear Targets ๐ฏ
The ZRX/USDT pair has been showing significant upward movement, with a +29.94% increase in the last 24 hours. Currently priced at $0.4895, ZRX is exhibiting strong bullish momentum, reaching a 24h high of $0.4897.
Key Levels to Watch ๐:
1. Target 1: $0.50
As the price is approaching this psychological level, a small pullback could occur before a potential breakout. If the buying pressure continues, we could see ZRX push past this level.
2. Target 2: $0.52
The next resistance zone sits around $0.52, where we could face some consolidation. A sustained breakout above $0.50 will give more confidence that $0.52 is a reachable target.
3. Target 3: $0.55
A longer-term target, with $0.55 being a key resistance zone from previous price action. If the bullish momentum persists, ZRX could see a rally towards this level.
Technical Indicators ๐:
SAR (Stop and Reverse):
Current SAR levels are at 0.4256 (uptrend) and 0.3887 (downtrend). The price is above the uptrend SAR, indicating that the trend remains bullish.
24h Trading Volume:
High volume on the ZRX/USDT pair (48.80M ZRX traded) supports the bullish trend, signaling strong market interest and potential for further price action.
